The word tax taken from the Latin ‘taxo’ which means compulsory financial fares or some types of levies forced on taxpayers, taxpayers could be personals or another legal organizations. Failure to pay, together with rejection of taxation, can be punished by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual income. Most countries impose taxes on corporate income and dividends. Nations usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various clasification of taxes mentioned above, so you could easily do your tax estimates both individual or legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do institution tax estimation in their regular work. Hope this inspires you all.
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